Big business urged to assist fire-affected communities

Big business urged to assist fire-affected communities

Jan 20, 2020 — 6.24pmThe Business Council of Australia says recovery from the devastating bushfires should be prioritised over securing a budget surplus, and that the private sector should play its part by waiving debts and expediting payments to small businesses.BCA president Tim Reed said the peak body for the nation's biggest corporations had consistently…
George Christensen repays $2K travel costs

George Christensen repays $2K travel costs

Matt Coughlan and and Tom McIlroyJan 20, 2020 — 6.18pmQueensland Nationals MP George Christensen has repaid more than $2000 in taxpayer-funded travel costs linked to his frequent personal trips to the Philippines.An Independent Parliamentary Expenses Authority audit of his domestic travel found he breached the rules, forcing him to repay $327.28 including a 25 per…
Got Bitcoin? Gold Bug Peter Schiff Loses All of His BTC, Says There’s ‘Zero Chance’ He Forgot His Password – The Daily Hodl

Got Bitcoin? Gold Bug Peter Schiff Loses All of His BTC, Says There’s ‘Zero...

Crypto enthusiasts and onlookers are deliberating how easy it is to lose all of one’s Bitcoin holdings in light of an update from economist Peter Schiff. The chief executive officer of broker-dealer Euro Pacific Capital, Inc. says he’s lost access to all of h…
Former Velocity boss back as CEO Karl Schuster resigns

Former Velocity boss back as CEO Karl Schuster resigns

Jan 20, 2020 — 5.13pmThe former boss of Virgin Australia's Velocity frequent flyer program, Neil Thompson, will return to steer it through its initial days as a wholly owned division of the airline after chief executive Karl Schuster resigned.Velocity Frequent Flyer CEO Karl Schuster is leaving at the end of January.  Brook Mitchell Mr Thompson…
Central banks’ verdict on the rally looms

Central banks’ verdict on the rally looms

AnalysisJan 20, 2020 — 4.55pmThe pressure is on the world's biggest central banks to deliver upbeat assessments of the growth outlook amid a flurry of meetings over the next three weeks as investors look to justify the red-hot rally that has pushed global stockmarkets to record highs.Nine advanced economy central banks are set to meet…
Bushfire toll on growth risks jobs outlook

Bushfire toll on growth risks jobs outlook

Jan 20, 2020 — 4.43pmMarket economists are firming up their views on the damage to the economy from the bushfire tragedy, warning that although a hit to first-quarter growth is likely to be temporary, it may spill over into the employment market near-term.Economists expect GDP growth could take a hit of between 0.2 and 0.4…
ASX hits new record high despite profit downgrades

ASX hits new record high despite profit downgrades

Jan 20, 2020 — 4.37pmAustralian shares rallied again on Monday to seal the market's fifth straight day of gains, with CSL and the miners carrying the benchmark to a new historic high and helping the market shrug off a raft of profit downgrades.The S&P/ASX 200 rose 15.4 points to 7079.50, a fresh closing high for…
New York Times endorses Warren and Klobuchar for 2020 – Business Insider

New York Times endorses Warren and Klobuchar for 2020 – Business Insider

In an op-ed, the editorial board said they chose to endorse both Klobuchar and Warren based on their different approaches to the country's future.
Amazon launches electric delivery rickshaws in India – The Indian Express

Amazon launches electric delivery rickshaws in India – The Indian Express

In a video released on Twitter, Bezos is seen driving an e-rickshaw, followed by scores of other drivers. The company had earlier announced an investment of $1 billion into India to “digitise” micro, small and medium enterprises.
‘My project reeks of Fawlty Towers’

‘My project reeks of Fawlty Towers’

Jan 20, 2020 — 3.41pmShoddy construction and long delays by a specialist granny flat construction company are turning dreams into nightmares for suburban families wanting to join the backyard building boom.Property owners who were told by Avalon Granny Flats (AGF) that their backyard flats could be completed in three months are still waiting to move…